Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Australian Dollar/Lithuanian Litas (FOREX:AUDLTL)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AUDLTL
The long term trend has been UP since Dec 12th, 2019 at 2.0329155
The intermediate term trend has been DOWN since Jan 21st, 2020 at 2.0088608
The short term trend has been DOWN since Jan 16th, 2020 at 2.0195681
Smart Scan Analysis for AUDLTL
Based on a pre-defined weighted trend formula for chart analysis, AUDLTL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).